New Delhi, June 10 -- ITR-1 and ITR-4 both apply to taxpayers with income of up to Rs.50 lakh in a financial year and share several similar income sources. However, the main difference between the two is that ITR-1 is generally filed by salaried individuals or pensioners, while ITR-4 is meant for individuals earning income from business or profession.

Let's take a closer look at the eligibility criteria for ITR-1 and ITR-4 for AY 2026-27, including who can file and who cannot.

ITR-1, also known as Sahaj, is an income tax return form meant for resident individuals if their total income is up to Rs.50 lakh in a financial year. The individuals should have income sources such as:

The form can also be used if the income of a spouse or minor...